Retail Executive News

05/07/2013 - 5:49pm
Report: Wal-Mart has sights set on two internal candidates in CEO succession

Wal-Mart Stores has identified two internal candidates to succeed CEO Mike Duke, Bloomberg News reported.

05/07/2013 - 5:32pm
J.C. Penney Q1 same-store sales down 16.6%, missing estimates

In preliminary results, J.C. Penney Co. reported that same-store sales in its first quarter decreased approximately 16.6%, a deeper drop than was expected.

05/07/2013 - 3:16pm
Target opens pop-up dollhouse in Grand Central Station

Target isn’t letting any grass grow under its feet when it comes to the suddenly hot category of home goods and home furnishings.

05/07/2013 - 10:34am
OfficeMax profit misses

OfficeMax on Tuesday reported a lower-than-expected profit, for its first profit, hurt by declining technology sales.

05/07/2013 - 10:18am
Senate approves Internet sales tax; opposition looms in House

The U.S. Senate on late Monday approved the long-debated Internet sales tax proposal, known as the Marketplace Fairness Act, by a bipartisan vote of 69 to 27.

05/06/2013 - 5:22pm
Nielsen: U.S. consumers spending looking up

North American consumers opened their wallets in the first quarter of 2013 and exhibited a desire to spend again, although they remain cautious, according to the Nielsen Global Survey of Consumer Confidence and Spending Intentions.

05/06/2013 - 5:07pm
Target opens 24 stores in Western Canada in May

Target announced the soft opening dates for 24 locations in Western Canada, with 22 stores opening on May 7 and two opening on May 14.

05/06/2013 - 10:43am
Walmart launches ‘Real Walmart’ ad campaign

Wal-Mart Stores Inc. announced Monday that it has launched a new TV and digital ad campaign designed to demonstrate what the retailer describes as “The Real Walmart.”

05/06/2013 - 10:41am
Stein Mart restates results, to debut e-commerce this year

Stein Mart reported that it has restated its 2011 periods and first quarter 2012 results, released its full-year 2012 financial numbers, and said it will unveil several key initiatives in 2013.

05/06/2013 - 9:17am
J.C. Penney and Mr. Ullman’s ‘Next’ 100 Days

Most incoming CEO’s put together a ‘100-day plan’ as they embark on the new role. In the case of Mr. Ullman, it is his second 100-day plan at J.C. Penney.

© 2013